QV regional snapshot - February 2010

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Auckland
Hamilton
Tauranga
Wellington
Christchurch
Dunedin

Auckland
Property values in the Auckland region increased by 8.7% over the past year (calculated over the three months ending February 2010 in comparison to the same period last year), an improvement on the 7.3% annual growth reported in January. The average sale price for the region remained relatively stable at $548,948.

Glenda Whitehead of QV Valuations said; "The mixed messages from the market continue with activity levels patchy between suburbs and the types of properties selling. It is also possible that the varying financial positions of buyers and sellers are affecting trends within some suburbs. Interestingly, this lack of specific market direction is resulting in more stable values".

"The inactivity of December and January now seems to be behind us, with the latter part of February bringing more action from both buyers and sellers.  However, this action to date is resulting in more listings and more buyers actively looking, but it will take time to convert into actual sales.